Use of blockchain technology in enterprise management

Abstract

The Blockchain is an emerging technology and is gaining the popularity over worldwide. This technology is not owned by anyone but used by everyone. The Blockchain technology can be applied in the fields for the ease of operations in business, finance, networking, law etc. This paper aims to make offerings to theory, practical and practice in blockchain technology. A framework focusses on the use of blockchain technology from entry to exit of any process in the system. This is represented in terms of use case discussions and evaluation. This gives an opportunity to use the by Blockchain and to increase trust, mitigate the risk while doing the transaction (Markovitch & Willmott, 2014). This paper presents the detailed understanding and identification of flow of any enterprise. It also covers the identification of important areas where the technology as Blockchain can be applied and implemented. Finally, the blueprint was discussed keeping the view of important areas of implementation of Blockchain technology. This aims to help the enterprise to automate and digitalize their current processes used by an organisation.